LIVING WOODS NORTH EAST COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
10849368 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2025

Period of accounts

Start date: 1 August 2024

End date: 31 July 2025

LIVING WOODS NORTH EAST COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 July 2025

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

LIVING WOODS NORTH EAST COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 July 2025

Notes 2025 2024


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 8,718 14,566
Investments:   0 0
Total fixed assets: 8,718 14,566
Current assets
Debtors: 4 1,162 9,760
Cash at bank and in hand: 13,134 8,204
Total current assets: 14,296 17,964
Prepayments and accrued income: 1,704 1,580
Net current assets (liabilities): 16,000 19,544
Total assets less current liabilities: 24,718 34,110
Creditors: amounts falling due after more than one year: 5 ( 21,056 ) ( 15,661 )
Accruals and deferred income: ( 24,044 ) ( 890 )
Total net assets (liabilities): (20,382) 17,559
Members' funds
Profit and loss account: (20,382) 17,559
Total members' funds: ( 20,382) 17,559

The notes form part of these financial statements

LIVING WOODS NORTH EAST COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 July 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 28 April 2026
and signed on behalf of the board by:

Name: M J Shipperlee
Status: Director

The notes form part of these financial statements

LIVING WOODS NORTH EAST COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Plant & Machinery - 25% per year Fixtures & Fittings - 25% per year

LIVING WOODS NORTH EAST COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 0 0

LIVING WOODS NORTH EAST COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2024 28,542 0 28,542
Additions 252 1,466 1,718
Disposals
Revaluations
Transfers
At 31 July 2025 28,794 1,466 30,260
Depreciation
At 1 August 2024 13,976 0 13,976
Charge for year 7,199 367 7,566
On disposals
Other adjustments
At 31 July 2025 21,175 367 21,542
Net book value
At 31 July 2025 7,619 1,099 8,718
At 31 July 2024 14,566 0 14,566

LIVING WOODS NORTH EAST COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2025

4. Debtors

2025 2024
£ £
Trade debtors 541 9,297
Other debtors 621 463
Total 1,162 9,760

LIVING WOODS NORTH EAST COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2025

5. Creditors: amounts falling due after more than one year note

2025 2024
£ £
Other creditors 21,056 15,661
Total 21,056 15,661

LIVING WOODS NORTH EAST COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2025

6. Loans to directors

A L Massey, a director, charged the company £0 (2024: £0) for their services during the period under review. M J Shipperlee, a director, charged the company £41,393 (2024: £33,800) for their services during the period under review. G Bockett, a director, charged the company £2,611 (2024: £0) for their services during the period under review. M Morrison, a director, charged the company £937 (2024: £0) for their services during the period under review. All transactions with the directors were at open market value and on an arms length basis. Balances owed are unsecured, interest fee and repayable on demand.

COMMUNITY INTEREST ANNUAL REPORT

LIVING WOODS NORTH EAST COMMUNITY INTEREST COMPANY

Company Number: 10849368 (England and Wales)

Year Ending: 31 July 2025

Company activities and impact

Our eighth year provided us with some challenges in terms of funding personnel and projects around our woodland creation work. With Forestry Commission's funding for ReKindle ending in March 2025 (a three year programme), we had made some headway into generating a small amount of income from ReKindle - getting small woodlands back into management, but our main learning from the project, was that it was not easy to generate sufficient income to pay for the co-ordination and management of the volunteering for ReKindle. The three key personnel on the ReKindle project, offered to reduce their rates of pay, and we grateful to a private benefactor who took on the costs of the three personnel. We are now operating with volunteers in six woodlands, including a significant PAWS (Plantation in Ancient Woodland site) in the middle of a community run golf course. The hope is to undertake PAWS restoration work there, and bring the site back to ancient woodland. In Horsley - our main Hazel coppice site of 8Ha, we opted to fence the annual coup being cut - with mainly donated fencing and our own fence posts cut from the wood. This will give us a better idea of the impact of Roe deer as - so far - we have managed to exclude them. The income for ReKindle comes primarily from charcoal sales, and we launched a programme of local stockists, supported by a 'charcoal' page on our website. This increases our ability to distribute charcoal across the region, however it reduces our profit margin by going wholesale. We attended several shows again - often taking (but not using) our large mobile charcoal kiln, and also selling charcoal direct to the public, giving us a higher profit margin. It was great to see people coming to find us to get charcoal, having seen the quality of it at a previous show. Volunteer signups steadily increased on our Better Impact software - heading towards 200, although attendance numbers still seemed fairly regular. Our community engagement through tree planting work was given a boost by winning a two year tender in autumn 2024, for several councils within the North East Community Forest. We utilised Eventbrite as a way of promoting events where people could come along and plant trees in their area. Seeds2Trees Round 3 was launched, and planning undertaken for the collection in Winter 2025 of saplings from round 1, which will be housed at Tod's Place.Tod's Place became the name of the 30 acres of land purchased on our behalf in the previous year, and a temporary tree nursery site was established - and floral surveys carried out on the pasture. We still rent the small office and a store room in Hexham, with costs covered by a benefactor, and two new directors joined the board of Living Woods in September 2024

Consultation with stakeholders

We consult ongoingly with a Woodland Trust advisor, a partner in our ReKindle project - who continues to provide woodland assessments for woods we are working in - helping to guide our management of those woods. Our Operations director sits on various boards, including North East Community Forest, and Forestry and Woodlands Advisory Committee (NE). This allows us to continually consult on an informal and formal basis with Forestry Commission and Forestry England professionals as well as local authority tree officers etc On our volunteer days, volunteers are actively consulted with - to guide our provision for volunteers. There is now a volunteer newsletter going out In National Tree week we held our first conference, based at the mart in Hexham, where tickets sold out and over 100 people attended, with presentations including rewilding, ancient woodlands and also a background and update to the work of Living Woods. We also received funding from Forestry Commission to formalise and increase the work of WoodNet, a regular bi-monthly meeting of anyone interested in trees and woodlands - with topics including Deer, hedges, landscape scale forest design, pests and diseases.

Directors' remuneration

Directors received total remuneration of £44,941, as detailed in submitted accounts. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director's loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
28 April 2026

And signed on behalf of the board by:
Name: M J Shipperlee
Status: Director